As reported by Biji Network, Charles Hoskinson, founder of Cardano, reiterated that the Glacier Drop initiative is not a one-time event but a foundational component of the evolving ecosystem. The Glacier Drop, launched in August, allowed qualified participants to claim Midnight (NIGHT) tokens before distribution. While the NIGHT claim window closed in October, many assumed the program had ended. Hoskinson clarified that the initiative will evolve into a permanent mechanism to boost user engagement and support long-term growth. Midnight, a privacy-focused Cardano sidechain, is central to this strategy. If adopted, Midnight could significantly enhance Cardano by expanding its functionality beyond the base layer. Hoskinson emphasized that if Midnight reaches a $10 billion valuation, it could pave the way for other Cardano partner sidechains to follow a similar path. The team also plans to improve the Glacier Drop over the next six months to enhance usability and user experience.
Hoskinson: Midnight Could Pave Way for $10B Cardano Sidechain
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Summary
Charles Hoskinson, founder of Cardano, said Midnight could help drive ecosystem growth and reach a $10 billion valuation. The Glacier Drop, part of a broader network upgrade strategy, is evolving into a permanent engagement tool. Midnight, a privacy-focused sidechain, aims to expand Cardano’s functionality. The team plans to improve the Glacier Drop over six months to boost usability. Hoskinson emphasized that success with Midnight could encourage more partner sidechains to follow.
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